National Presto Industries Inc 8-K, filed Oct 2, 2024
National Presto Industries Inc (NPK)
About this 8-K
National Presto Industries Inc filed this 8-K on October 2, 2024, reporting on events of September 27, 2024.
Items reported
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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(Address of principal executive office)
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(Zip Code)
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13a-4(c))
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Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Exhibit
No.
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Description
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99.1
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104
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Cover Page Interactive Data File (embedded within the Inline XBRL document)
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National Presto Industries, Inc.
(Registrant)
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Date: October 2, 2024
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By:
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/s/ Maryjo Cohen
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Signature) Maryjo Cohen, President
and Chief Executive Officer
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Exhibit 99.1
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NEWS RELEASE |
CONTACT: David Peuse |
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FOR IMMEDIATE RELEASE |
(715) 839-2146 |
NATIONAL PRESTO INDUSTRIES, INC. ANNOUNCES DEFENSE SEGMENT AWARD
Eau Claire, Wisconsin (October 1, 2024) – National Presto Industries, Inc. (NYSE: NPK) announced today that on September 27, 2024, the U.S. Army awarded AMTEC Corporation, its wholly-owned subsidiary, an option award totaling $162.6 million under year three (Government Fiscal Year (FY) 2024) of AMTEC’s current five-year 40mm systems contract. Deliveries under the option award are scheduled to commence in late 2025 and continue through mid-2027. Combined with prior Government FY22, FY23 and FY24 awards, the total value of the current five-year 40mm systems contract is $564.4 million.
National Presto Industries, Inc. operates in three business segments. The Housewares/Small Appliance segment designs and sells small household appliances and pressure cookers under the PRESTO® brand name. The segment is recognized as an innovator of new products. The Defense segment manufactures a variety of products, including medium caliber training and tactical ammunition, energetic ordnance items, fuzes, cartridge cases, and metal parts. The Safety segment offers carbon monoxide detectors, and systems that provide early warning of conditions that, if not corrected, would cause significant losses.
This release contains “forward looking statements” made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995 that are subject to certain risks and uncertainties, as well as assumptions, that could cause actual results to differ materially from historical results and those presently anticipated or projected. In addition to the factors discussed above, other important risk factors are delineated in the Company’s various SEC filings.